MAGNiTT Predictions for Q2:
• Generally see an up tick in investments leading up to and during Ramadan before the summer lull
• Expect Q2 to have an increase in activity in number of deals and amount invested across the MENA Region
MassChallenge is the most startup-friendly accelerator on the planet. No-equity and not-for-profit, MassChallenge accelerates entrepreneurs across all industries and awards over $2 million in equity-free cash each year.
The journey started 10 months ago, when Startupbootcamp Smart City Dubai Kicked off with a bang. After visiting more than 30 cities, receiving 1000+ applications and conducting more than 350 startup meetings, the first cohort was finally selected.
MAGNiTT, a platform that tracks and reports developments in the MENA entrepreneurship space reports that for 2017 MENA Startups Raised $560 Million In Funding Across 260 Deals.
30 tech startups from 500 Startups’ summer 2017 program in San Francisco have announced a ICO called the 22X Fund. And Dtec portfolio company Shortpoint is a part of it.
Dtec investment portfolio company Wrappup shares their story on The National and on how the co-founding team used artificial intelligence to develop their product
The Intelak Aviation and Travel Incubator has recently celebrated the graduation of its second cohort from the three-month accelerator program.
Karl Naim, Founder of online destination for culinary experiences ChefXChange, shares his tips and insights on involving and learning from customers, and putting the customer experience at the heart of a startup's operations
Virtual reality startup 360VUZ is joining forces with telco du to bring VR experiences to users with their app for user acquisition and regional growth
Dtec brings home the award for Startup Hub of the Year at the 2017 edition of Entrepreneur Middle East's Enterprise Agility Award held on 15 December 2017.
Dubai-based digital grocery coupon platform Clip the Deal raised $500,000 in their second round of funding, led by Dubai-based investor Neelesh Bhatnagar.
Founder of Friendycar walks away with AED 125,000 worth of prizes, Volkswagen Arteon for one year
The Arabian Business StartUp awards have become central to this vibrant and highly influential community of disruptors - start-up founders, SME leaders, students, mentors, investors, and many government and private sector representatives.
Dtec-DSO bags Arabian Business Startup Award for Start-up Programme of the Year and Dubai Smart City - Dubai Silicon Oasis Authority, with Dtec Portfolio companies Yalla Compare and 360MEA bringing home the title of SME of the Year and New Media Start-Up of the Year, respectively
MAGNiTT's MENA Funding report shows strengthening of the MENA startup ecosystem with more deals in the first 9 months of 2017 than in the full year 2016!
Set to be organised from 12 to 16 November, the mini bootcamp will be run by Rainmaking Innovation, the umbrella company of Startup MENA and Startupbootcamp, the global network of industry-focused startup accelerators.
Ask anyone about the most frustrating part of moving to a new apartment and the answer will be: finding a reliable home moving service in the Middle East. That is the problem Yalla Pickup is trying to solve. Read on for their story.
The finalists for the Arabian Business StartUp Awards 2017 have been unveiled and will recognise the region’s outstanding entrepreneurs, investors, accelerators, mentors, SMEs, funding initiatives and start-ups on Tuesday 24th October in Dubai.
Noon, the US$1 billion e-commerce platform founded by Emaar Properties chairman Mohamed Alabbar, started operations in the UAE on Saturday to tap into the region's fast-growing e-commerce industry that is forecast to double in size by 2021.
Middle East Venture Partners (MEVP) announced on 27 September the launch of its third MENA venture capital fund – the Middle East Venture Fund III (MEVFIII) - with a target size of $250 million
With 7 startup acquisitions in the year to-date, 2017 is already far and away Amazon’s most active year for M&A.
Full scope and details of the VAT-related law to be released late 2017 but the understanding is small startup businesses are exempt. For now.
Create @ Alibaba Cloud Startup Contest (CACSC) Dubai 2017 is now open for submission for a chance to join the Alibaba Cloud Conference in Hangzhou and the International Tournament in Shanghai in the second week of October.
UAE is now seeing a rise in truck service startups that use technology to match trucks with clients. Yalla Pickup and Trukker share their thoughts on the trend.
VAT will affect around 300,000-350,000 companies in the UAE when implemented from January 2018.
MAGNiTT’s MENA funding report card reveals a pick up in Q2 investments: $290m invested in 88 disclosed deals across the region in the first six months of the year!
Join 700+ MENA entrepreneurs, investors, corporates and techies at Dtec for our annual gathering for two days of speaker & panel sessions, workshops, networking, exhibitions & an annual pitch competition offering cash prizes and free company setup.
ArabianChain-a Dtec company and a leading Middle Eastern innovator in the Blockchain sector- has raised funding of Dh3 million in its latest round.
Innovative startups working on Smart City development are invited to Startupbootcamp's FastTrack in Dubai on the 9th of August in Dtec.
The Founders of compareit4me.com, a portfolio company of DSOA that has been successful in raising a total of over US$9 million in funding till share their tips for aspiring entrepreneurs in the Middle East starting up and establishing their business in the region.
From the Dtec Family to yours, a Happy Eid Al Fitr
CNN correspondent & Emerging Markets Editor John Defterios to feature Dtec in this week’s Marketplace Middle East program. The episode will be about how regional governments are cultivating and supporting the startup scene in an effort to boost economies and create more jobs.
The prestigious IMD world competitiveness report is out, announced by HH Sheikh Mohammed Bin Rashid Al Maktoum with results showing UAE moving up 5 notches. Read on for more details
Dubai Silicon Oasis Authority (DSOA), which aims to facilitate solutions to create a “smart” city, launched Dubai Smart City Accelerator at Dubai Technology Entrepreneur Centre (Dtec) on Wednesday.
Entrepreneur Middle East shares the implications of VAT to companies in the UAE as the country prepares for its roll-out in early 2018.
Dubai billionaire Mohamed Alabbar has acquired a large stake in Middle East Venture Partners (MEVP), one of the largest venture capital firms in the MENA region, according to a statement.
The boom comes after a bumper year of investment, with $918 million flowing into the digital sphere across the MENA region in 2016. Inc. Arabia shares more details
UAE-based e-commerce website JadoPado has been acquired by a technology fund led by Dubai businessman Mohamed Alabbar, it has emerged.
Dubai-based delivery app Fetchr has announced the closing of a $41m Series B funding round led by New Enterprise Associates.
MAGNiTT updates their previous 2016 with the latest numbers for their Q1 funding report card stating a moderate start for 2017 with $36 million in funding of 35 deals disclosed from January to March.
Dtec company CarInsight.com have signed an agreement with the Middle East version of global premium magazine “The Week” (UK) – a Motivate Publishing Magazine, to Manage Automotive editorial.
Fatima Furniturewala Audience Marketing Manager at Microsoft Gulf joined our April Meetup and presented how Microsoft is supporting startups in the region before we moved on to networking with refreshments.
David Wu, VP of Cheetah Mobile discusses Cheetah Mobile’s plans for this region alongside discussing the startup ecosystem in Beijing and Taipei.
We were delighted to host Fadi Bishara, Founder of Blackbox, a Silicon Valley based non-profit working to elevate entrepreneurs across the globe. Fadi flew in to the UAE especially to meet with our Dtec members.
This Legal workshop was conducted by Shahram Safai, partner at Afridi & Angell, providing an overview of contracts and agreements, and explaining the elements of as well as the drafting and negotiating of legally binding contracts.
On April 18th, an Legal Advice ME conducted a workshop on topics spanning from “Doing Business in the UAE” and “Common Mistakes Made by Startups & How to Avoid them”, to “Negotiations in multicultural business” by Helen Mathieu.
Sirine Fadoul, Dtec’s Incubation Manager was invited to attend the MIT Pan Arab Competition in Bahrain as a judge and mentor. Jibber Jabber a Dtec incubated startup was among the finalists of the Startup Track pitching to top-notch judges from Google, Uber and Facebook.
The 3rd Annual Skyline Entrepreneurship and Innovation Competition organized by Skyline University, took place on April 17th. Dtec was one of the partners for the event and our Director at Dtec, Hans Henrik Christensen, was one of the judges of the competition.
Dtec-based accelerator Intelak holds its Inaugural Demo Day and Graduation on 27th April, comprised of early-stage entrepreneurs and students, to become part of the conversation in travel and aviation.
MENA digital businesses-focused media company ArabNet is set to welcome business leaders, entrepreneurs and others for the ArabNet Digital Summit 2017 to be held in Dubai on May 16-17, 2017
DSO Portfolio company 360VUZ shares their story on Khaleej Times
compareit4me.com, the Middle East-based comparison site, has launched the first automated, real-time, online health insurance comparison platform in the UAE.
Legal Advice ME hosted a free office hours session in which Dtec members were able to get free legal advice from their advisors.
More than 100 people attended our first Dtec Forum of 2017 held 21st March which focused on some of the most talked about technologies of the current era - Virtual Reality (VR) and Augmented Reality (AR).
16 entrepreneurs attended this highly interactive session and worked in teams to come up with customers’ personas and inbound content and strategies.
Dtec partnered with Step Conference again in 2017 and for the second year running hosted a Speed Networking Area with more than 250 people visiting our space over the course of the two day event
In the third of their series on the MENA startup ecosystem and to celebrate over 3,000 startups listed on the platform, MAGNiTT releases its research on the founders of MENA’s top 100 funded startups.
After many days of speculation, Amazon confirmed on Tuesday via a statement that it has acquired Middle East e-commerce website Souq.com.
While you're visiting Step Conference over the next two days don't forget to drop by and visit us in the Dtec space. We'll be running speed networking sessions and will be happy to meet and answer any questions you may have, or simply catch up if we haven't seen you in a while.
STEP Conference 2017, to be held on April 5-6, 2017 at the Dubai International Marine Club, is back and here are a few of picks in terms of MENA startups worth taking a look at STEP (and beyond) this year
Join us on Tuesday 21st March from 6pm – 9pm for the first Dtec Forum of 2017 where we will be presenting how Virtual Reality (VR) and Augmented Reality (AR) are changing the way we look at and experience the world around us.
Meet 360eLearn, a Dtec company and Silicon Oasis Founders portfolio company, as its Founder Azzam Sheer shares how e-learning is a big opportunity in the MENA region via this article on Khaleej Times
UDENZ announces the successful registration of 2000 practicing dentists in the Middle East from the recently concluded UAE International Dental Conference & Arab Dental Exhibition – AEEDC.
Get to know one of DSOA's Portfolio Companies, Wrappup, a startup that is developing a technology platform to improve efficiency in the process of tracking and documenting meetings. The team brought home the grand prize in the 2015 Dubai Angel Hack. Read on for the full article on The National
Daniel dos Reis (Senior Portfolio Manager, Dubai Silicon Oasis Authority) and Dr. Philip Boigner (CEO, Innovation Development Oman) explore the challenges that persist with raising venture funds in the Middle East via their article published on Forbes Middle East.
Dtec Incubation Manager, Sirine Fadoul, tackles the concept of having a sense of urgency for startups and asks selected Founders how they define this concept, and how they apply and exemplify this in their respective ventures.
The Dubai-headquartered peer-to-peer marketplace Melltoo has said they are ready to expand to Saudi Arabia now they have acquired new funding, having raised $1 million bridge round.
STEP Group has closed a Series A funding round with a $2 million investment from regional investors, including Wamda Capital, Equitrust, Dubai Silicon Oasis Authority and international VC firm North Base Media.
Get to know Dtec-based startup ShortPoint, a Software-as-a-Service venture that created a user interface platform to give businesses end-to-end control over their customer's digital experience via their feature on Khaleej Times. Read on for the full article
Dtec company Jibber Jabber shares with Khaleej Times how Jibber Jabber started and aims to help students navigate through academic life via an app that is "a mashup of syllabi, mobile phone calendar and artificial intelligence scheduling." Read on for the full article
Stukk, UDENZ, PerksPlus and Ishto make it to Forbes Middle East' List of 50 UAE Startups to Watch
Up and coming startup and Dtec portfolio company, Clip the Deal, tells their story to Khaleej Times on how it all began and how their journey in achieving their contribution to digitization through their startup. Read on for the full article
Dtec portfolio company, Wrappup shares their story with Khaleej Times in line with the 3 pillars in focus that make a great startup in the UAE: Talent, Infrastructure and Capital. Read on for the article by Sanjiv Purushotham, published on Khaleej Times on 12th December 2016:
This month, TechForum tackles how the things that we once thought were science fiction are today becoming a reality. From voice control such as Siri, to virtual reality and 3D printing, the session will look at how such technologies have been inspired and influenced by science fiction.
In an interview for Vision magazine during the World Internet Conference in Wuzhen, China, Nashtariy Founder and Managing Directory Ahmed Elhusseiny Eid gives a background on the company and answers questions in relation promoting Chinese – Arab trade.
Dubai Silicon Oasis hosts its third Entrepreneur Day attracting 350 participants and 76 startups, with ‘Clip the Deal’ taking home the US$10,000 Cash Award for Startup of the Year
San Francisco-based startup community, StartupHouse, gets to know our Dtec member, Woolah, and their story as they are featured in the former's blog. Read on for the full article.
Dubai Silicon Oasis Authority (DSOA), announced its plan to host ‘The Entrepreneur Day’ (TED) business plan competition on November 16, 2016 at the Dubai Technology Entrepreneur Centre (Dtec), the largest technology incubation and co-working centre in the region.
Boloro and BanQu win the 'Innovate for Refugees' global competition held by MIT Enterprise Forum Pan Arab and sponsored by Zain Group, MBC Hope, under the patronage of Her Majesty Queen Rania Al Abdullah.
Forbes Middle East announces its list of Top 50 Most Promising UAE Startups
Woolah launches as a curated online community to discover, connect and share with others about hobbies and skills that matter most to them.
Dubai-based recording app Wrappup has closed a seed funding round led by Middle East and North Africa focussed venture capital firm BECO Capital.
Compareit4me receives total of $2.4 million bridget funding investment from Wamda Capital, STC Ventures and Dubai Silicon Oasis Authority
As part of the global roll out of Create @Alibaba Cloud Startup Program (CACSC), we are pleased to be hosting the Dubai Startup Contest in DTEC on 21st September from 10am - 2pm.
Apply now for Innovation 4 Impact 2016. Dubai Silicon Oasis Authority and Thomson Reuters in collaboration with the American Muslim Consumer Consortium have announced the launch of the 2016 competition, taking place at Global Islamic Economy Summit 2016.
DTEC company ShortPoint has integrated their web design product ShortPoint into SAP's products and have been working with SAP's product management teams all over the world.
At the recent World Economic Forum on Africa event, Mobicah and Boloro launched "ground breaking" mobile payments system in townships of South Africa with Big Save Group.
Marc James, Boloro
DTEC Company ChefXChange brought home first place at the Startup Demo competition at Arabnet Beirut 2016.
In late 2014 The Economist Magazine travelled around Dubai interviewing Start ups. One of the startups they followed was DTEC company Hajjnet. One year on they are back to track Hajjnet's progress.
Congratulations to Noongam on winning the top prize at The Entrepreneur Day annual startup pitch competition.
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority (DSOA), officially inaugurated the Dubai Technology Entrepreneur Centre (DTEC).